FY2027 Small Area FMR · Ithaca, NE

ZIP 68033 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68033 (Ithaca, NE) is $1,120 a month, up 2.8% from FY2026. That is 3% below the Saunders County, NE area-wide FMR of $1,153.

2-bedroom SAFMR$1,120per month ▲ 2.8%

Area-wide 2 BR FMR$1,153Saunders County, NE

Rank in the area12thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,008

2 BR Small Area FMR$1,120

110% of SAFMR$1,232

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$900▲ 3.4%

1 BR$980▲ 2.1%

2 BR$1,120▲ 2.8%

3 BR$1,500▲ 4.2%

4 BR$1,800▲ 10.4%

FY2027 FY2026

Where 68033 sits in the Saunders County, NE area

Of the 20 ZIP codes HUD lists for the area, 68033 has the 12th highest two-bedroom Small Area FMR. Saunders County, NE is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,153 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$900	$810 – $990	$931	$870
1 bedroom	$980	$882 – $1,078	$1,014	$960
2 bedrooms	$1,120	$1,008 – $1,232	$1,153	$1,090
3 bedrooms	$1,500	$1,350 – $1,650	$1,546	$1,440
4 bedrooms	$1,800	$1,620 – $1,980	$1,863	$1,630

A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $117,600 and the 80% low-income limit for four people is $94,100. ZIP code 68033 lies mainly in Saunders County. See the Saunders County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68042	Memphis	4.3 mi	$1,120
68003	Ashland	7.3 mi	$1,120
68066	Wahoo	7.4 mi	$1,130
68041	Mead	8.1 mi	$1,100
68017	Ceresco	9.1 mi	$1,120
68073	Yutan	10.3 mi	$1,720

Questions

What is the Fair Market Rent for ZIP code 68033?

HUD's FY2027 Small Area Fair Market Rents for 68033 are $900 (studio), $980 (1 BR), $1,120 (2 BR), $1,500 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 68033?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68033 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68033?

The FY2026 income limits of the Saunders County, NE area apply: median family income $117,600, low-income (80%) limit $94,100 for a family of four.